TFW you realize all of defi was pumped by a handful of whales & now they've rug-pulled uniswap & shifted all of the liquidity to a forked version that's already had one exit-scam & is now controlled by the same handful of whales via multi-sig "community governance".
It's easy to think of 'whales' as these mythical figures; geniuses who were just like you & me and turned a handful of smart trades into a fat stack they can ride on & just earn money as MM's.
I mean, that's true for a couple of them. Usually influencers who got in early, or hit a niche, or developed something that filled a hole in the market.
But most of them were already wealthy dudes who opened exchanges, or created coins to dump on you, or bought one of the above from someone more skilled than them.
The same handful are responsible for every major boom & bust in the market. Every rug-pull, every flash-crash. All of it. Sure, you may make a gain every now & then. But the house always wins. The odds will grind every last one of us into dust, because the deck is stacked.
We come for the decentralized finance, but we stay for the never-ending game of three card monte with the Arthurs & CZs & so forth & so on until we're all on food stamps.
If you're in it for the tech, don't worry about the trends & fads & large caps. They're all manipulated. Find a project with tech you legitimately love & would use, and USE IT.
Forget the speculation. Forget hodling. If you wouldn't use it regularly, why would anyone else?